Published:
Energy West, Incorporated Announces Monthly Dividend of $0.036 Per Share
GREAT FALLS, Mont., April 1, 2008 /PRNewswire-FirstCall/ -- Energy West,
Incorporated (Nasdaq: EWST), a natural gas utility and energy marketing
company, announced that its Board of Directors declared a monthly dividend of
$0.036 per share to shareholders of record as of April 10, 2008. The dividend
will be payable on April 30, 2008 and will be the fourth consecutive monthly
dividend of $0.036 per share paid by Energy West this calendar year.
About Energy West
Energy West, Incorporated distributes and sells natural gas to end-use
residential, commercial, and industrial customers. It distributes
approximately 23 billion cubic feet of natural gas to approximately 36,000
customers through regulated utilities operating in Montana, Wyoming, North
Carolina and Maine. The Company markets approximately 1.6 billion cubic feet
of natural gas to commercial and industrial customers in Montana and Wyoming
on an unregulated basis. The Company also has a majority ownership interest
in 162 natural gas producing wells and gas gathering assets. In addition, the
Company owns the Shoshone interstate and the Glacier gathering pipelines
located in Montana and Wyoming. The Company's Montana public utility was
originally incorporated in 1909 and is headquartered in Great Falls, Montana.
Safe Harbor Regarding Forward-Looking Statements
The Company is including the following cautionary statement in this
release to make applicable and to take advantage of the safe harbor provisions
of the Private Securities Litigation Reform Act of 1995 for any
forward-looking statements made by, or on behalf of, Energy West.
Forward-looking statements are all statements other than statements of
historical fact, including, without limitation, those that are identified by
the use of the words "anticipates," "estimates," "expects," "intends,"
"plans," "predicts," "believes" and similar expressions. Such statements are
inherently subject to a variety of risks and uncertainties that could cause
actual results to differ materially from those expressed. Factors that may
affect forward-looking statements and the Company's business generally include
but are not limited to the Company's continued ability to make dividend
payments, the Company's ability to implement its business plan, fluctuating
energy commodity prices, the possibility that regulators may not permit the
Company to pass through all of its increased costs to its customers, changes
in the utility regulatory environment, wholesale and retail competition,
weather conditions, litigation risks, risks associated with contracts
accounted for as derivatives and various other matters, many of which are
beyond the Company's control, the risk factors and cautionary statements made
in the Company's public filings with the Securities and Exchange Commission,
and other factors that the Company is currently unable to identify or
quantify, but may exist in the future. Energy West expressly undertakes no
obligation to update or revise any forward-looking statement contained herein
to reflect any change in Energy West's expectations with regard thereto or any
change in events, conditions or circumstances on which any such statement is
based.
For additional information or clarification respecting Energy West, please
contact: James W. Garrett, President and Chief Operating Officer, at
1-440-205-1987.
The Company's toll-free number is 1-800-570-5688. The Company's web
address is http://www.energywest.com. The Company's address is P.O. Box 2229,
Great Falls, Montana 59403-2229.
SOURCE Energy West, Incorporated
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